145,330 Shares in Netflix, Inc. $NFLX Bought by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 145,330 shares of the Internet television network’s stock, valued at approximately $13,626,000. Netflix accounts for approximately 0.5% of North Dakota State Investment Board’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new stake in Netflix in the third quarter worth $25,000. Bare Financial Services Inc boosted its holdings in Netflix by 93.3% in the third quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 14 shares in the last quarter. Horizon Financial Services LLC boosted its holdings in Netflix by 480.0% in the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Netflix in the third quarter worth $36,000. Finally, Promus Capital LLC bought a new stake in Netflix in the third quarter worth $48,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 407,550 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director owned 3,940 shares in the company, valued at approximately $366,932.20. This trade represents a 99.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,422,769 shares of company stock valued at $135,144,073 in the last quarter. 1.24% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ NFLX opened at $87.02 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50-day simple moving average of $94.74 and a 200 day simple moving average of $94.67. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The stock has a market cap of $366.42 billion, a PE ratio of 28.11, a PEG ratio of 1.11 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same quarter last year, the company earned $6.61 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NFLX shares. Loop Capital set a $104.00 price target on shares of Netflix in a report on Tuesday, January 27th. Wells Fargo & Company started coverage on shares of Netflix in a report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. Cfra upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, March 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts reaffirmed bullish ratings and targets, citing Netflix’s expanding ad tier, strong engagement, and improving monetization outlook.
• Positive Sentiment: Netflix extended its relationship with the NFL and will stream more games, adding another high-profile live content driver that could help attract viewers and advertisers.
• Positive Sentiment: Netflix is also building out event-based programming, including its first live MMA card and a concert tour tied to KPop Demon Hunters, which reinforces its push beyond traditional streaming.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.